Shares of SVB Financial Group (SIVB) are cratering after the holding company for Silicon Valley Bank announced it was seeking to raise $2.25 billion in stock sales in order to shore up its financial p...
Tag: crater
Randall Crater of My Big Coin Will Serve Eight Years in Jail
Randall Crater – the founder of defunct crypto business My Big Coin – was sentenced to eight years in prison for defrauding both customers and investors out of millions of dollars. Randall Crater Is H...
Randall Crater, Founder of “My Big Coin” Sentenced
Randall Crater, the person responsible for operating the fraudulent scheme known as “My Big Coin,” was given a sentence of one hundred months in prison and was ordered to make restitution ...
Trump NFTs Crater With Daily Sales Down 98% From Peak
In brief Donald Trump’s NFTs have lost significant momentum, with sales volume and floor price down sharply from respective peaks. Sales volume on Wednesday was 98% lower than on the peak day less tha...
Crypto firms rush to allay Genesis contagion fears as stocks crater
Crypto-related stocks plunged as Genesis became the latest victim of the FTX fallout. Bitcoin was trading at $16,593, up 0.7% from $16,479 earlier in the day. Ether gained a modest 0.5% to trad...
Stocks crater as Apple leads losses in broad market sell-off
U.S. stocks cascaded Thursday — with Apple leading the way down — as renewed recession jitters permeated Wall Street and wiped gains from a fleeting relief bounce in the previous session. The S&P ...
CryptoPunks Briefly Flip Bored Apes as NFT Prices Continue to Crater
Unlike last winter, when the price of ETH was pushing $4,000 and trading volumes were at all-time highs, this flippening comes as the rival collections’ prices are on the way down. The Bored Ape floor...
Pharma stocks crater as investors brace for litigation charges
Shares of GSK, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug ...
Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater – Defi Bitcoin News
During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value lo...
New Home Sales Crater Again As Experts Worry Downturn Could Spark Recession
Topline New home sales unexpectedly plunged much more than economists projected in June, according to data released Tuesday, adding to signs that the housing market is abruptly unraveling pandemic-era...
Gas Prices Continue To Drop—Here’s How Far They May Fall As Oil Prices Crater
Topline Gas prices fell two cents Wednesday to $4.779 per gallon, according to AAA data, down 24 cents from its highest-ever recorded level of $5.016 last month, and are on track to continue falling—t...
Binance resumes bitcoin withdrawals as crypto prices crater
The world’s largest cryptocurrency exchange, Binance, resumed withdrawals of bitcoin after it instituted a “temporary pause” Monday morning that latest several hours, the company said. Binance founder...
‘Crypto Winter’ Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater
Topline Shares of popular crypto-brokerage Coinbase plummeted to a record low Wednesday after the firm reported a worse-than-expected loss spurred by dwindling trading volumes—prompting a flurry of an...
Dow Plunges 1,100 Points, Tech Shares Crater As Stocks Erase Gains From Post-Fed Rally
Topline The stock market moved sharply lower on Thursday, reversing all of its gains from the previous session when the Federal Reserve raised interest rates by a half-percentage point, as volatility ...
Bitcoin And Crypto Now Braced For A $9 Trillion Fed Earthquake As The Price Of Ethereum, BNB, Solana, Cardano, XRP, Terra’s Luna And Avalanche Crater
Bitcoin BTC and cryptocurrency prices have fallen along with stock markets this year as investors brace for a more hawkish Federal Reserve. Subscribe now to Forbes’ CryptoAsset & Blockchain ...
Robinhood Shares Crater After Dismal Earnings, Monthly Active Users Fall 10% From A Year Ago
Topline Shares of stock trading app Robinhood tanked roughly 8% late on Thursday after the company reported dismal first quarter earnings which showed that the platform lost over a million users and r...
As Tech Stocks Crater And Recover, Fundamentals Matter
Microsoft CEO Satya Nadella: The tech giant kicked off earnings season after the market close on Tuesday—and beat expectations. Jamel Toppin/The Forbes Collection Earnings matter. And even for growth ...